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6. Succession |
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6.1 Succession in general |
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Article 181-Mandatory requirements of lodging a will |
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| 181.1 |
Mandatory requirements of lodging a will |
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The importance of a will in providing direction in the event of serious permanent incapacitation or death means that certain persons and certain actions require the mandatory lodgment of a valid will. |
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| 181.2 |
Professions which require a valid will |
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The following professions require the lodgment and maintenance of a valid will: |
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All military service personnel |
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All law enforcement personnel |
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All medical and emergency personnel |
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All professional transport staff |
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All officials elected to office |
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| 181.2 |
Actions/obligations which require a valid will |
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The following actions/obligations require the lodgment and maintenance of a valid will: |
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Securing of any loan or mortgage valued at half the average annual salary of a worker in Republic of United Korea or greater amount; |
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Undertaking any sporting/recreation activity which involves recognized dangers and threats of serious injury/death; |
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Securing of any life insurance policy |
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